A-LevelEconomicsMicroeconomics: Firm Objectives & BehaviourMay/June 2018Paper 3 Q111 Mark
The diagram shows a firm in imperfect competition. It changed its aim from profit maximising to sales revenue maximising. [Figure 11.1] Which type of profit was it making in each case? profit maximising | sales revenue maximising ------------------|------------------------ A normal profit | supernormal profit B subnormal profit | normal profit C supernormal profit| normal profit D supernormal profit| supernormal profit
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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